Jan. 8, 2014
The governor's $155-billion blueprint would increase general-fund spending by more than 8%, to $106.8 billion. Brown also wants to repay $11 billion in debts incurred during years of state financial crisis, and he would stash $1.6 billion in a reserve fund as a buffer against future economic turmoil.
Jan. 7, 2014
Preliminary data from the Franchise Tax Board (FTB) indicate that December 2013 personal income tax (PIT) and corporation tax (CT) revenue collections were a combined $1.6 billion (20 percent) above monthly projections included in the state's 2013-14 budget plan.
Jan. 2, 2014
Film industry and union officials are mobilizing to back legislation this year that would substantially increase funding for the state's film incentive program and lift some restrictions to make the program more competitive with those offered by New York, Georgia and other states and countries.
Jan. 1, 2014
At least 13,000 Los Angeles city employees received a 5.5% raise Wednesday, the final piece of a salary agreement that became a major financial burden during the recent economic downturn.
The pay hike means a majority of workers with the Coalition of L.A. City Unions, which represents non-public-safety employees such as clerks, gardeners and mechanics, have received increases totaling 24.5% since 2007, according to city budget officials.
Dec. 30, 2013
. . . Hollywood films, often seen as a risky place to invest money, can be anything but chancy for wealthy investors who have learned that some of those tax breaks can be packaged to generate cash from even mediocre box office results.